NFTs are trending right now, with increasingly more public figures joining the hype. Jack Dorsey’s first-ever tweet was recently sold for $2.9m, Elon Musk planted to sell a song (but later decided against it), and even Taco Bell created gifs and memes and sold them as NFTs.
And now, Phemex plans to create their first NFT with the help of the community - Q aRt.
To do so, Phemex will use QR codes from all the participants to create an artwork, which they will later auction and distribute the final bid back to the community.
Q aRt Explained
Phemex will collect QR codes between March 19th, 3 PM UTC, and April 2nd, 3 PM UTC, from everyone who wants to participate in the event.
The QR codes will then be used to create an NFT artwork, which will be auctioned on OpenSea starting with April 12th and until April 19th.
Jack Tao, the CEO of Phemex, will place an initial bid of $100,000, with the final bid being randomly distributed to 10% of the participants:
Since there are over 10,000 participants already,1,000 of those participants will receive at least $100 each.
Participating in Q aRt
To participate, you just need to complete 4 simple steps:
Submit your Phemex ETH deposit wallet QR code to the Gleam campaign;
Provide your Phemex UID;
Provide your Phemex ETH address;
Follow Phemex on Twitter.
And if you want to increase your chances, you can earn additional entries by performing several other actions, including:
Following @jack_Phemex on Twitter;
Following Phemex’s Facebook, YouTube, and Instagram pages;
Downloading the Phemex app;
Referring a friend.
Everything else you need to know
To ensure fairness and avoid any issues, Phemex created a list of terms & conditions that users should consider before participating.
First of all, a participation will only be eligible if all the actions of the Gleam campaign were completed before April 2nd. Secondly, the submitted QR code, ETH address, and UID must be from a Phemex account.
Using any other QR code, ETH address, or UID will result in disqualification. So will participating with multiple accounts.
Lastly, all the rewards will be sent as ETH to the participants’ Phemex accounts. Users can then use the funds to trade or withdraw them and enjoy an easy prize.
More about Phemex
Launched in 2019, Phemex is a cryptocurrency trading platform created by Jack Tao and a team of professional and experienced Wall Street traders and investors.
Phemex’s mission is to empower everyone to trade simply and manage risk efficiently.
Through Phemex, users can perform spot trading as well as contract trading, and they can purchase cryptocurrencies using credit and debit cards, bank transfers, and even ApplePay. The platform also provides its users with advanced functions like FIX API, a sub-account system, and L3 quotes.
Stay up to date with the contest through Phemex’s website and official communication channels: